There’s no universally correct direction for every breakaway to take. What works for some may not be the right solution for others.

In full disclosure, I’m a wirehouse convert to independence. I was an adviser-turned-branch-manager for a large wirehouse in New York City in 2006 when I lost an adviser to a registered investment advisory firm. Back then, I wasn’t even sure what an RIA was. I was the typical arrogant wirehouse manager who thought the independent wealth management industry could never compete with the big firms. Boy, was I wrong. The industry, advisers and the firms that support them have changed dramatically since I was part of the founding management team at HighTower. 

RECENT INSIGHTS

September 21, 2022

Barry plans to introduce more alternatives and active strategies to Summit’s TAMP.

Read More
September 21, 2022

Merchant-backed RIA brings on veteran investment professional to advance firm’s overall investment services for advisors.

Read More
February 15, 2022

You have one chance to show clients why you started your own firm, and most importantly, how they will be...

Read More